Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Adecoagro SA (NYSE: AGRO) improved of late. AGRO’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Adecoagro SA (NYSE: AGRO) stock closed at $10.66 on 8/23/24 after a large increase of 2.0%. However, below average trading volume at 77% of normal accompanied the advance. The stock has declined -7.8% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
AGRO is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Adecoagro has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Adecoagro has a very high Appreciation Score of 89 but a slightly negative Power Rating of 36, producing the Positive Value Trend Rating.
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